Bitcoin Cash breaks below critical support, with price dropping over 12% on Friday. BCH/USD is only some 18% from erasing all of the April 200% bull run. The Bitcoin Cash price was hammered by sellers on Friday, tanking as much as 12%, as FUD spread across the crypto market. Panic was ignited, after reports suggesting that Indian banks will be looking at completely blocking any crypto related business dealings. Looking at Bitcoin Cash since the strong bull run seen for the month of April, where the price rallied some 200%, from around $600 up to highs of $1800 territory. Once May came around, the sellers started pilling in and have been pressuring Bitcoin Cash lower since. BCH/USD is only around 18% from completely wiping those bull run gains. The next area of support for BCH/USD is seen back at $600, where the price started that large advance from the start of April. If this demand zone fails to withstand the sellers, it could open the door to some further strong pressure from the market bears. BCH/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD Technical Analysis: Greenback out of ammunition leaves USD/CAD exposed to downside FX Street 5 years Bitcoin Cash breaks below critical support, with price dropping over 12% on Friday. BCH/USD is only some 18% from erasing all of the April 200% bull run. The Bitcoin Cash price was hammered by sellers on Friday, tanking as much as 12%, as FUD spread across the crypto market. Panic was ignited, after reports suggesting that Indian banks will be looking at completely blocking any crypto related business dealings. Looking at Bitcoin Cash since the strong bull run seen for the month of April, where the price rallied some 200%, from around $600 up to highs of $1800 territory.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
